Most Popular
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AI textbook bubble could burst, expert warns
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Samsung tightens its belt amid crisis winds
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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North Korean trash balloons cross border day after Seoul military parade
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Prosecution closes 'Dior bag' case amid opposition uproar
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SF Giants outfielder Lee Jung-hoo back home after injury-shortened rookie season
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Court confirms sentence for rapper who attempted to evade national service
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N. Korea may revoke 1991 Inter-Korean Basic Agreement in parliament: Seoul
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[Kim Seong-kon] Understanding uniquely American things
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Ministry confirms irregularities in national soccer coach hiring
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Samsung SDI turns to profit in Q3 net
Samsung SDI Co., the battery-making unit of Samsung Group, said Friday it swung to a net profit in the third quarter of the year on one-off gains from its sales of stakes in other group firms. Net profit came to 502.4 billion won in the July-September period, a turnaround from a net loss of 12.9 billion won a year earlier, Samsung SDI said in its regulatory filing.Sales advanced 5.6 percent on-year to reach 1.99 trillion won, while operating profit plunged 45.1 percent to 17.83 billion won.In th
Oct. 30, 2015
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[Photo News] Google nurtures creativity
GOOGLE NURTURES CREATIVITY -- Eric Schmidt (second from left), executive chairman of Alphabet, the holding company of Internet giant Google, watches children participate in a workshop at Kids Maker Studio -- a creative lab for kids -- in Gwacheon, Gyeonggi Province, Friday. (Yonhap)
TechnologyOct. 30, 2015
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Seoul shares close lower on U.S. rate woes
South Korean stocks closed 0.23 percent lower Friday as investors took a wait-and-see approach amid concerns over a possible U.S. rate hike in December. The local currency closed higher against the greenback.The benchmark Korea Composite Stock Price Index fell 4.69 points 2,029.47. Trading volume was moderate at 366.2 million shares worth 6 trillion won ($5.25 billion) with decliners far outpacing advancers 602 to 212.Analysts said Seoul shares traded bearish as investors remained concerned over
Oct. 30, 2015
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Korea set for first-ever gov't event with Macedonia
South Korea plans to hold its first-ever governmental event with Macedonia this week, as the two sides have no formal diplomatic relations, an official said Thursday.The 2015 Korean Culture Week is to open later in the day in the Balkan country's capital Skopje for a three-day run."It's the first culture event for our government to hold in cooperation with the government of Macedonia, with which South Korea has not established diplomatic relations," the Foreign Ministry's spokesman Noh Kwang-il
Foreign AffairsOct. 30, 2015
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Park hopes to resolve wartime sex slave issue this year
President Park Geun-hye expressed hope Friday that Seoul and Tokyo could resolve this year the issue of former South Korean sex slaves for Japan's World War II soldiers, in the latest pressure on Japan ahead of the crucial summit with Japanese Prime Minister Shinzo Abe next week."It is important for Japan to quickly offer measures to resolve the issue in a way that victims can accept and South Koreans can understand," Park said in a written interview with Japan's Asahi Shimbun and Mainichi Shimb
Foreign AffairsOct. 30, 2015
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Korea, Japan, China agree to speed up FTA, RCEP talks
South Korea, Japan and China agreed Friday to accelerate talks aimed at establishing a three-way free trade agreement and a new mega trading bloc encompassing Asia and Oceania, the government said.The Ministry of Trade, Industry and Energy said policymakers at the Trilateral Economic and Trade Ministers' Meeting in Seoul exchanged views on ways to expand trade and investment between the Northeast Asian neighbors."All sides agreed to work more closely on the FTA and the Regional Comprehensive Eco
Oct. 30, 2015
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AmorePacific's Q3 net soars 35% on strong China sales
South Korea's top cosmetics maker AmorePacific Co. said Friday its third-quarter earnings jumped 34.9 percent on-year as strong performance in China more than offset sluggish duty-free sales in the wake of the Middle East Respiratory Syndrome outbreak. Its net earnings came to 142.24 billion won ($124.93 million) in the July-September period on a consolidated basis, compared with 104.45 billion won a year earlier, the company said in a regulatory filing.Operating income rose 10.7 percent on-year
Oct. 30, 2015
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[Design Forum] Design connects people
Design plays a key role across a range of sectors in society from art to business to represent beliefs, values and ideas.Randi Zuckerberg, the founder and chief executive of Zuckerberg Media and a marketing expert, believes that design guards the world from disorder and chaos and shapes people’s lives.The Zuckerberg Media CEO, with multiple careers including author and TV producer, has published two books, including “Dot Complicated,” a New York Times bestseller about her views on technological
TechnologyOct. 30, 2015
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Bank of Japan holds fire on fresh stimulus despite sinking economy
TOKYO (AFP) - The Bank of Japan Friday held fire on expanding its massive stimulus programme despite more weak data as the world's number three economy teeters on the edge of recession.In a short statement following a closely watched meeting, the BoJ said it would hold steady on its record 80 trillion yen ($665 billion) annual asset-buying scheme.The central bank also releases its semi-annual inflation and growth projections later in the day, with speculation mounting that it will roll back its
World NewsOct. 30, 2015
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Daewoo Ship rises after creditors pledge to provide funding
Daewoo Shipbuilding & Marine Engineering Co., the world's second-biggest shipyard, rose the most in two months in Seoul trading on expectations creditors?plan to provide 4.2 trillion won ($3.7 billion) in funds will help ease concerns about its cash position.Shares of Daewoo Shipbuilding jumped as much as 8.5 percent, the biggest intraday gain since Aug. 25, to 7,400 won and traded at 7,050 won as of 9:56 a.m. in Seoul. The stock has fallen 62 percent this year after reporting big losses due to
IndustryOct. 30, 2015
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Google chief stresses importance of deregulation
Eric Schmidt, executive chairman of Alphabet Inc., the holding company of Google Inc., said Friday that flexible regulations will help South Korea amid the protracted economic slowdown. "I know that your country is seeing an economic slowdown. My recommendation would be to adopt more flexible regulations to unleash the creativity of (South) Korean citizens," Schmidt said during a visit to Seoul.It is his first visit since Google changed to a holding company structure in August 2015. He previousl
Oct. 30, 2015
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[Advertising Award] IFEZ emerges as a global city
Industry Awards / Investment AttractionIncheon Free Economic Zone Authority The Incheon Free Economic Zone started as one of Korea’s free economic zones, and became a global city and key location for driving Korea’s economic growth. The accumulated amount of foreign direct investment, which began at $1 million, totaled $6.78 billion as of September. A total of 13 international organizations, including the Green Climate Fund and the World Bank Korea Office, have also moved to the IFEZ, and it has
IndustryOct. 30, 2015
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[Advertising Award] Light up world with cables: LS
Industry Awards / Cable & SystemLS Cable & System As the flagship affiliate of LS Group, the power cable company has committed to building communications and power infrastructure across the world under the vision of “One world with power lines.” The company’s core business helps the economic development of a nation by improving the circulation of information and power delivery. LS Cable & System, founded in 1962, has advanced into one of the world’s best power cable suppliers in a half centur
IndustryOct. 30, 2015
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Pop artist indicted again over leaflets satirizing Park
Prosecutors said Friday they have indicted a pop artist for mailing leaflets critical of President Park Geun-hye to a theater actor and asking him to spread them.The Seoul Central Prosecutors' Office said the 47-year-old, identified only by his surname Lee, is suspected of sending some 1,500 leaflets with the caricature of Park and the phrase of "resignation" to a 37-year-old actor, surnamed Han, in May and asking him to spread them in downtown Seoul.Lee is already on trial on separate charges o
Social AffairsOct. 30, 2015
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Seoul shares nearly flat in late-morning trade
South Korean stocks traded nearly flat late Friday morning as institutions dumped local shares on rising speculation that the U.S. Federal Reserve may raise its key interest rate this year, analysts said. The benchmark Korea Composite Stock Price Index inched down 0.42 point, or 0.02 percent, to 2,033.74 as of 11:20 a.m.Market kingpin Samsung Electronics surged 3.7 percent after the company on Thursday announced plans to buy back its own shares worth a total of 11.3 trillion won ($10 billion) to
Oct. 30, 2015
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[Advertising Award] SK Broadband prioritizes customer satisfaction
Industry Awards / TelecommunicationSK Broadband SK Broadband has always been at the forefront of technology trends, being the first in the world to commercialize high-speed Internet ADSL in 1999, and the first in Korea to establish an IPTV service in 2006. On the basis of our management policy that gives priority to enhancing customer value, SK Broadband is making its best efforts to bring happiness and value to them in an era of convergence. Yang Seung-cheon, Head of marketing strategy HQFor t
IndustryOct. 30, 2015
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Samsung continues drive to streamline businesses
Samsung Group has decided to sell its affiliate’s stake in chemical units to Lotte Chemical, an apparent move to focus on its flagship businesses including information technology and electronics.In separate regulatory filings on Friday, the group’s affiliates -- including Samsung Electronics, Samsung SDI, Samsung C&T, Samsung Electro-Mechanics and Hotel Shilla -- said they would sell off their entire stake, totaling 31.5 percent and valued at 470 billion won ($412 million), in Samsung Fine Chemi
IndustryOct. 30, 2015
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[Advertising Award] Shinhan Card strives for better customer services
Industry Awards / Credit CardShinhan Card Shinhan Card, as the No. 1 credit card firm in market share with the number of customers reaching 22 million, is continuously trying to offer customers better services despite the rapidly changing business environment. In the fintech segment, in particular, Shinhan has been making full-fledged efforts to improve customer convenience, as it recently set up a mobile-based ecology in which 3.5 million customers spend more than 300 billion-won ($270 million)
IndustryOct. 30, 2015
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[Advertising Award] LG Electronics paving way for OLED TV era
Marketing Awards / Grand PrizeLG Electronics We would like to express our gratitude for The Korea Herald readers and customers, as well as the jury for the awards. We believe that our confidence in the quality of our organic light-emitting diode TV products led to these positive evaluations. As our customers experienced, our OLED TVs are totally different from conventional televisions that rely on backlights. Each of the pixels on an OLED TV emits light, making perfect, clear and natural colors
IndustryOct. 30, 2015
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[Advertising Award] SK steps up efforts to revitalize social enterprises
Creative Awards / Grand PrizeSK Today, change is happening more quickly than ever. And along with continuing change comes a range of new problems that our society needs to address, which can no longer be tackled by the government alone. Hence, we need tailored solutions to target diverse societal issues. In catching a colony of mice, a hundred cats may be more effective than a single lion. A social enterprise refers to a firm that sets its chief objective as solving society’s problems while purs
IndustryOct. 30, 2015